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huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six new cardinals. the gr
huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to...
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Nov 24, 2012
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right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and then imagining that somehow i've got that trillion in my pocket all of a sudden. it's not real money. most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and an
right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and...
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Nov 24, 2012
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president obama wants to let the bush era tax cuts expire for the wealthiest americans. many republicans still oppose that idea. aides have been trying to work out a compromise. >> none of this is pretty. it's actually ridiculous. pretty dysfunctional politics. we've set this crazy trap for ourselves and we're about to inflict a wound on our economy that really doesn't need that. >> reporter: in addition, the fragile cease fire looms large in the middle east. some analysts say this could be an opening for mr. obama to engage more actively in a middle east peace process, something he failed to do during his first term. >> we need to explore what is possible, but we have to be quite realistic and go in with our eyes open. >> reporter: and then there's the attack against the u.s. consulate in benghazi. republican lawmakers have accused u.n. ambassador susan rice of providing false information after she appeared on the sunday shows days later saying the incident was spontaneous. this week, rice defended herself. >> when discussing the attacks against our facilities in bengha
president obama wants to let the bush era tax cuts expire for the wealthiest americans. many republicans still oppose that idea. aides have been trying to work out a compromise. >> none of this is pretty. it's actually ridiculous. pretty dysfunctional politics. we've set this crazy trap for ourselves and we're about to inflict a wound on our economy that really doesn't need that. >> reporter: in addition, the fragile cease fire looms large in the middle east. some analysts say this...
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Nov 24, 2012
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you know who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican nomination. >> i think he could give it
you know who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican...
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Nov 24, 2012
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whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that president obama got a mandate and suggest the republicans make major concessions. to what extent in your conversation with house republicans, to what extent this feeling is kind of common among rank and file members? >> the cheerful news from the taxpayer perspective is that the republicans are not at all spooked or distraught. a lot of people thought looking ahead a year ago, six months ago, that we would elect a republican president and senate. the sense of unhappiness republicans had was from the stock market didn't go up -- not that you lost your life savings -- you ended up with the status quo when
whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that...